Equity Bank cuts PayPal Withdrawal Settlement Period to 24 hours
Equity Bank has announced a reduction in the duration it takes to settle withdrawals from US-based PayPal, a multinational financial technology company operating an online payments system, from 3 days [...]
Equity Group Holdings get Nod to Enter Life Insurance Business
Equity Group Holdings has received regulatory approvals to set up a non-operating insurance holding company. Commencement of the insurance business was approved by the Group's shareholders and the Central Bank [...]CBK Accepts Bids Worth KSh 23.2 Billion at Weekly T-Bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 23.19 Billion at the weekly Treasury Bills Auction, representing a subscription of 96.61% and accepted KSh 23.15 Billion. The most attractive instrument [...]CBK Collects KSh 27.4 Billion from Treasury Bonds Auction
Central Bank of Kenya(CBK) collected KSh 27,428.16 Million from the re-opened five-year Treasury Bond Issue out of KSh 30,000.00 Million offered, a performance rate of 94.64%. This is the first [...]Kenya Upgrades its Real-Time Payments Infrastructure
Kenya has upgraded its real-time payments infrastructure, placing the Country as one of the first countries in Africa to start running an ISO 20022 instant payments system with modern micro-services [...]IFC to lend KSh 18.6 Billion to Equity Bank Kenya Limited
IFC—a sister organization of the World Bank and member of the World Bank Group, plans to lend $165 Million(KSh 18.6 Billion) to Equity Bank Kenya Limited, a subsidiary of Equity [...]CBK Collects KSh 7.8 Billion from Weekly Auction
Central Bank of Kenya(CBK) accepted bids worth KSh 7.8 Billion out of KSh 24 Billion it had offered investors, a performance rate of 32.6%. The most attractive paper was the [...]Mobile Banking Usage Increases During the Pandemic Period-FSD Survey
Mobile banking usage increased to 34.4% in 2021 from 25.3% in 2019, as more people used technology to transact during COVID-19 period. This is according to the latest FinAccess Household [...]Banks to Push for Reinstatement of Transaction Charges for Mobile Money to Bank Transfers
Banks, through the Kenya Bankers Association (KBA), plan to push for a return of transaction charges between mobile and banking wallets following a dip in fees and commissions from the [...]
Imperial Bank Liquidation Process put on Back Burners by Court Order
Imperial Bank depositors, who lost their money when the lender collapsed more than six years ago, will have to wait a little longer to get their dues. This is after [...]CBK Seeks KSh 60 Billion in January T-Bonds Auctions
Central Bank of Kenya(CBK) is inviting bids for two bond auctions, worth KSh 30 Billion each, that will be conducted in January 2022. The purpose of the T-bonds sale is [...]Kenya's New Law to Regulate Digital Lenders Takes Effect
The Central Bank of Kenya (CBK) has announced that the Central Bank of Kenya (Amendment) Act, 2021, which seeks to regulate digital lenders providers, has become effective beginning today following [...]
